The following is a record of Novak Company's transactions for Colt Products for the month of May 2017. Balance 750 units @ Sale 563 units @ May 1 12 $21 $21 Purchase 1,125 units $10 May 10 $13 20 $14 @ Sale 1,013 units 28 Purchase 750 units @ Assuming that perpetual inventories are not maintained and that a physical count at the end of the month shows 1,049 units on hand, what is the cost of the ending inventory using (1) FIFO and (2) LIFO? (1) FIFO (2) LIFO Ending Inventory $ 14387 $ 13826